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    This document contains projections for the Stevens family annual budget for the current year and with 5% and 7% projected increases. It shows that with a 5% increase in income and expenses, the net savings would be $10,356.41, and with a 7% increase, the net savings would be $10,553.68. The largest expenses are mortgage, tuition, food, utilities, and credit cards. Income comes primarily from salaries, investments, and royalties.

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    This document contains projections for the Stevens family annual budget for the current year and with 5% and 7% projected increases. It shows that with a 5% increase in income and expenses, the net savings would be $10,356.41, and with a 7% increase, the net savings would be $10,553.68. The largest expenses are mortgage, tuition, food, utilities, and credit cards. Income comes primarily from salaries, investments, and royalties.

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    23 views1 page

    X5a3 Deanburrell

    Uploaded by

    api-288159049
    This document contains projections for the Stevens family annual budget for the current year and with 5% and 7% projected increases. It shows that with a 5% increase in income and expenses, the net savings would be $10,356.41, and with a 7% increase, the net savings would be $10,553.68. The largest expenses are mortgage, tuition, food, utilities, and credit cards. Income comes primarily from salaries, investments, and royalties.

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    of 1

    XTEST5A

    Dean Burrell
    STEVENS FAMILY
    ANNUAL BUDGET

    Current
    5% Proj.
    7% Proj.
    Year
    Increase
    Increase
    $65,400.45 $68,670.47 $69,978.48

    Income from Salaries


    Other Income

    Investments
    Royalties

    $12,090.23 $12,694.74 $12,936.55


    $1,541.22 $1,618.28 $1,649.11
    $79,031.90 $82,983.50 $84,564.13

    TOTAL INCOME
    Fixed Expenses

    Mortgage
    Insurance
    Tuition
    Automobile

    $15,750.50 $16,538.03 $16,853.04


    $9,245.25 $9,707.51 $9,892.42
    $13,000.00 $13,650.00 $13,910.00
    $578.99
    $607.94
    $619.52

    Variable Expenses

    Utilities
    Food
    Credit Cards
    Other
    TOTAL EXPENSES
    NET SAVINGS

    $1,278.87 $1,342.81 $1,368.39


    $6,982.04 $7,331.14 $7,470.78
    $13,380.00 $14,049.00 $14,316.60
    $8,953.00 $9,400.65 $9,579.71
    $69,168.65 $72,627.08 $74,010.46
    $9,863.25 $10,356.41 $10,553.68

    SUMMARY OF PROJECTIONS

    Current Year
    5% Proj. Increase
    7% Proj. Increase

    6/1/2015

    Total
    Total
    Net
    Income Expenses
    Savings
    $79,031.90 $69,168.65 $9,863.25
    $82,983.50 $72,627.08 $10,356.41
    $84,564.13 $74,010.46 $10,553.68

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